BlackRock Amends Lamb Weston Stake, Maintains Passive Investment
Ticker: LW · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1679273
| Field | Detail |
|---|---|
| Company | Lamb Weston Holdings, INC. (LW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
TL;DR
**BlackRock still owns a chunk of Lamb Weston, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Lamb Weston Holdings, Inc. common stock as of December 31, 2023. This amendment, number 8, indicates BlackRock's continued significant passive investment in Lamb Weston. For investors, this filing confirms that a major institutional investor like BlackRock maintains a substantial stake, which can signal confidence in the company's long-term prospects, potentially influencing stock stability and investor sentiment.
Why It Matters
This filing shows BlackRock, a massive asset manager, still holds a significant position in Lamb Weston, which can be a vote of confidence for current and potential shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
An investor should note that BlackRock's continued passive ownership suggests stability, but this filing alone doesn't provide new information for a buy/sell decision. It's a routine update confirming an existing institutional position.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Lamb Weston Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 513272104 (number) — the CUSIP number for Lamb Weston Holdings Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is Lamb Weston Holdings, Inc., as indicated by 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Lamb Weston Holdings, Inc.' and '(Name of Issuer) LAMB WESTON HOLDINGS INC'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Lamb Weston Holdings, Inc. (LW).